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20130121
20130129
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will be heading out to washington as the capital prepares for the inauguration of president barack obama. but will he spend the next four years at the mercy of republicans? we'll explore that. plus, we'll assess if israel could be medicining for a right coalition as benjamin netanyahu says he is prepared to work with the naturalist home. and we'll take a look at travel chaos across the continent as snow and freezing conditions cause plenty of disruption in the air and on the road. now, germany's social democrats are celebrating a stunning victory in lower saxony secured with the victory of just one seat. support for angela merkel's christian democrats fell by 657 percentage points, but the chance ler herself continues to ride high on opinion polls. for more on what all of this means, silvia wadhwa is here to join us on set. good morning to you. i guess, is this -- this is being presented as a blow to angela merkel or at least to her party. but given there's just a one-seat differential in the outcome, is that too strong? >> yes, it is. i think that there are two trends here. one trend is
inflation a target and fed style open-ended qe starting next year. >>> president obama lays out a liberal position for his second term during his inaugural address. >>> and brewing giant sab miller reports a growth in third revenue quarter after china's growi coldest winter in 28 years sees an increase in lagger. >>> ross westgate is in davos. in the meantime, big news out overnight, this one for global markets. the bank of japan delivered what markets had been banking on with a joint commitment to double its inflation target to 2%. it says it will buy $145 billion of assets each month starting in 2014 with no set deadline to finish the purchases. all that said, the yen is strengthening this morninfor mot be disappointed, let's get straight out tore kaori enjoji. we're seeing again in markets a little disappointment. did the boj not fully deliver here? >> i don't think so. i don't think that's the right interpretation at all. i think this was an exercise in showing that the government and the bank of japan, the central bank are on the same page. they certainly delivered that. i think the
reform? >> i think reform is something for mexico to consider. as president obama was told few weeks ago, mexico is not helping the u.s. how to do it. comprehensive immigration reform will have to address the issues that need mexico's collaboration, to having a temporary worker's program that will allow appear orderly travel of workers. we need to be an agreement with mexico. we'll support immigration reform in the u.s. we understand it's a u.s. issue and with respect to the u.s. will decide and our position is to make things to be helpful. >> and the final question here, as we see money coming into the country and the activity picking up in mexico, it's certainly a hot spot in the orlando. what industry specifically are driving that growth? >> well, manufacturing is the main source of our competitiveness. as opposed the companies in latin america. we have a quite sophisticated manufacturing base. it's our space, it's the auto industry in all its component and we're quite competitive and we will continue to be quite competitive. >> minister, it is good to have you on the program the. >>
's a great place to invest. health care is attractive. the obama administration and other factors in the united states give the united states -- about 20% of gpd s in health care. the baby-boomers are retiring, they will spend on artificial hips, knees, and have the money to do it. that will be a great area. the third area is manufacturing. there's a revolution going on in manufacturing in the united states because of low cost energy. as a result, you're seeing more in-sourcing now. manufacturing is doubling its rate of growth compared to gdp growth in the united states. attractive area. >> and you mention the debt is cheap, right? are we going to see a mini lbo boom? >> well, i suspect there will be more deals this year than last year. there weren't that many deals the last six months. interest rates will probably stay low for a year or so. bernanke is committed to keeping it low. as people realize it will go up, people will take opportunities of the low interest rate now. >> what's happening in washington from your standpoint? are you expecting a new fight around the debt ceilin
increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will take the top off of growth. i think we would have been looking at a very good year, very strong year if not
Search Results 0 to 4 of about 5